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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Paypoint plc    PAY   GB00B02QND93

Delayed Quote. Delayed  - 03/23 05:35:25 pm
986 GBp   -0.25%
03/23 PAYPOINT : and FAN Courier announce the launch of a new partnership
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Paypoint plc : KRUK Romania becomes the latest financial services company to enable customers to pay at PayPoint

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12/16/2013 | 05:02pm CET

Bucharest, 26 December, 2013 - PayPoint Romania has signed a partnership with KRUK Romania, a leading collections company in Romania, in a move that demonstrates its growing attraction to the financial sector. This new partnership will help KRUK's customers keep track of their payments while enabling them to pay off their debts easily and on time through PayPoint's retail network.

Individuals whose debt is managed by KRUK simply visit a nearby store with a PayPoint terminal and hands the barcoded statement to the operator, who scans the barcode. The customer then pays, in cash, the amount due and receives a receipt with the transaction details. The process is very quick, thus considerably reducing the time required to make these payments.

Mugur Dogariu, Managing Director PayPoint România, said: "We're very happy to offer consumers a safe and convenient payment method that will help them manage the family budget better. This new partnership with KRUK Romania shows that we are successfully achieving our objective of expanding the range of payment types that Romanian consumers can make via our terminals.

Tomasz Ignaczak, General Manager KRUK Romania, said: "We issue thousands of payment notifications every month so, given the size of our operations, we need an extended network of partners which should facilitate people paying off their debts to make their payments all over the country. In this context, PayPoint Romania offers a convenient solution that our customers were asking for. KRUK's customers now have access to almost 8,000 PayPoint partner stores where they can make their payments in instalments quickly and safely. We look forward to a long and mutually beneficial partnership with PayPoint."

ENDS

For further information, please contact:
S.C. PayPoint Services S.R.L.
Mara Popescu
Tel: +4021 409 1400
Fax: +4021 409 1401
Mobil: +4072 386 0661
marapopescu@paypoint.com

About KRUK Romania SRL

IN February 2013 KRUK International S.R.L. changed its name to KRUK România S.R.L.. The company was established in 2007 by the KRUK Group - the leader of receivables management in Poland. The company specializes in comprehensive management of mass receivables. It works both with the finance sector and with service provide companies. KRUK manages the receivables of banks, insurance companies, leasing companies, fixed line and mobile telephone operators and FMCG companies. It is also an active player on the debt purchasing market.

More information:
Daniela Dochia - Communication & PR Specialist KRUK Romania
Phone: +4031 413 20 00; mobile: 0758 066 790; e-mail: daniela.dochia@kruk.com.ro

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Financials ( GBP)
Sales 2017 120 M
EBIT 2017 53,1 M
Net income 2017 40,0 M
Finance 2017 32,6 M
Yield 2017 6,45%
P/E ratio 2017 17,09
P/E ratio 2018 15,14
EV / Sales 2017 5,35x
EV / Sales 2018 5,43x
Capitalization 673 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 10,8  GBP
Spread / Average Target 9,4%
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Dominic C. Taylor Chief Executive Officer & Executive Director
Nick Wiles Non-Executive Chairman
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Timothy D. Watkin-Rees Executive Director & Director-Business Development
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